YES
The only country currently offering a government child trust fund is the United Kingdom. The child trust fund is a long term savings or investment account for children.
This can only be done by the person that is in control of the trust fund, if that person is decease it probably can't be done.
my father died and i was told i have a trust fund, how do i get this for college im only 16yrs old
You cannot get access to a trust fund. A trust is managed by a trustee and the trustee is the only person with the authority to access the trust property. The trustee must manage the trust according to the provisions set forth in the trust document. If you are a beneficiary of the trust you should ask the trustee for a copy so that you can review the terms.
Child trust fund providers offer many different options to families including stakeholder accounts, savings accounts, and non-stakeholder accounts. Child trust funds are only applicable in the United Kingdom.
If you have a trust fund, some record of it exists somewhere. I do not believe that every record was lost. Find the record. If, however, there is absolutely no record remaining anywhere, then there is no way to prove that you own this money and you will never be able to obtain it.
Yes, trust funds can run out of money; they can also last indefinitely, depending upon how they are managed and how they are set up. Nobel Prizes are paid for by a trust fund set up by Alfred Nobel; there is no expectation that the fund will run out and that the prizes will cease to be awarded. But funds have to be invested, and investments can do well or badly. And even if the money in a trust fund was invested wisely, that money can still be spent. For example, trust funds are often used to safeguard money for the benefit of people who are not yet adults and who cannot be trusted to spend their money wisely while they are still minors. But once they become adults (or when they reach whatever age is specified by the terms of the trust fund) they then have access to that money and can spend it. And if they can spend it, they can use it up. Of course, you could also devise a fund that only pays the interest on the fund, and never pays out the principal. That kind of fund can potentially last a long time, but again, only if the investment decisions are wise.
trust me the only way u can ski is on the water or in an indoor area
The best thing to do in this situation is get a probate lawyer on your side to get what is owed to your husband.
You would need to review the document that created the trust to find the identity of the trustee and then contact the trustee. You can collect funds from the trust only if the trust document names you as a beneficiary.
There is no single trust database; rather, each trust is under the control of the trustee, such as a bank or investment firm. The only solution is to call every financial institution your father might have been involved with.
Your home can be transferred to a trust. Your 401K can only be transferred to another qualified plan through a trustee to trustee transfer under federal tax laws. You cannot take control of your own 401K.